Global Permanent Magnet Market Expected to Reach US $23 Billion by 2022, Driven by Development of Energy Efficient Technologies
According to IMARC Group's new report, titled "Global Magnet Market: Industry Trends, Magnet Types, Major Markets, Manufacturing and Applications", the global permanent magnet market reached a value of more than US$ 16 Billion in 2016, growing at a CAGR of 7.3% during 2009-2016. Permanent magnets are an important part of modern lifestyle as they enable the operation of various devices that help in transforming energy from one form to another. They are used in a huge variety of applications as...
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